Gov. Rick Snyder speaks at the "Pancakes and Politics" event on Monday, April 7, 2014 in Detroit. Snyder plans to talk about Detroit's turnaround. He hired emergency manager Kevyn Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr hopes Detroit can exit bankruptcy by October. (AP Photo/Detroit News, David Coates) DETROIT FREE PRESS OUT; HUFFINGTON POST OUT (David Coates)Gov. Rick Snyder talks with Congressional candidate Debbie Dingell before speaking at the "Pancakes and Politics" event on Monday, April 7, 2014 in Detroit. Snyder plans to talk about Detroit's turnaround. He hired emergency manager Kevyn Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr hopes Detroit can exit bankruptcy by October. (AP Photo/Detroit News, David Coates) DETROIT FREE PRESS OUT; HUFFINGTON POST OUT (David Coates)Gov. Rick Snyder speaks at the "Pancakes and Politics" event on Monday, April 7, 2014 in Detroit. Snyder plans to talk about Detroit's turnaround. He hired emergency manager Kevyn Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr hopes Detroit can exit bankruptcy by October. (AP Photo/Detroit Free Press, Regina H. Boone) DETROIT NEWS OUT; NO SALES(Regina H. Boone)Gov. Rick Snyder speaks at the "Pancakes and Politics" event on Monday, April 7, 2014 in Detroit. Snyder plans to talk about Detroit's turnaround. He hired emergency manager Kevyn Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr hopes Detroit can exit bankruptcy by October. (AP Photo/Detroit Free Press, Regina H. Boone) DETROIT NEWS OUT; NO SALES(Regina H. Boone)Protestors demonstrate outside the Detroit Athletic Club where Michigan Gov. Rick Snyder is speaking at the "Pancakes and Politics" event on Monday, April 7, 2014 in Detroit. Snyder plans to talk about Detroit's turnaround. He hired emergency manager Kevyn Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr hopes Detroit can exit bankruptcy by October. (AP Photo/Detroit News, David Coates) DETROIT FREE PRESS OUT; HUFFINGTON POST OUT (David Coates)Gov. Rick Snyder talks with Congressional candidate Debbie Dingell before speaking at the "Pancakes and Politics" event on Monday, April 7, 2014 in Detroit. Snyder plans to talk about Detroit's turnaround. He hired emergency manager Kevyn Orr a year ago and authorized him to take the city into bankruptcy court last summer. Orr hopes Detroit can exit bankruptcy by October. (AP Photo/Detroit Free Press, Regina H. Boone) DETROIT NEWS OUT; NO SALES(Regina H. Boone)

Snyder says Detroit will exit bankruptcy by fall

Snyder says Detroit will exit bankruptcy by October; Won't say if he'll make mayor school boss

Posted on April 7, 2014 at 4:07 a.m.

DETROIT (AP) — Gov. Rick Snyder says Detroit’s bankruptcy will be “largely closed” by October with a transition plan and oversight board in place.